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Mcgrath Rentcorp Shares Up 20.0% Since SmarTrend's Buy Recommendation (MGRC)

By Nick Russo

SmarTrend identified an Uptrend for Mcgrath Rentcorp (NASDAQ:MGRC) on June 13th, 2019 at $60.76. In approximately 6 months, Mcgrath Rentcorp has returned 20.03% as of today's recent price of $72.93.

Over the past year, Mcgrath Rentcorp has traded in a range of $29.27 to $75.60 and is now at $72.93, 149% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

McGrath RentCorp rents and sells relocatable modular offices, as well as electronic test and measurement instruments. The Company's offices are used as temporary offices adjacent to existing facilities, sales and construction field offices, classrooms, and for a variety of other purposes. McGrath serves customers in the States of California and Texas.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Mcgrath Rentcorp shares.

Log in and add Mcgrath Rentcorp (MGRC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights mcgrath rentcorp

Ticker(s): MGRC